New Delhi / Tribune News Service Swedish fashion retailer Hennes and Mauritz (H&M) on Monday said it will double the number of its stores in the country from six to 12 by year-end. The Indian unit of Hennes & Mauritz AB, which entered India in October and currently operates stores in Delhi, Punjab and Bengaluru, will expand to Mumbai, ...

  Washington / Bloomberg FedEx Corp. is buying six Boeing 767 freighters valued at $1.2 billion as the world’s biggest cargo airline continues to modernize its fleet. The six aircraft are scheduled for delivery in fiscal 2019 and 2020, according to a FedEx spokesman. They were among the options included in a 50-jet order that FedEx placed almost a year ...

  New York / AFP The Solar Impulse 2 aircraft passed the halfway mark of its marathon flight across the Atlantic late on Tuesday, one of the most challenging legs of its historic sun-powered journey around the world. The experimental plane, which took off from New York’s John F. Kennedy airport on Monday, is being piloted by Swiss adventurer Bertrand ...

  CAIRO / Reuters Egypt’s efforts to relieve a crippling dollar shortage are pushing it towards a sickly combination of rising prices and lower growth, undermining hopes for economic revival after years of political upheaval. Prices have soared since Egypt devalued its currency by 13 percent in mid-March to end speculation against the pound and ease a dollar shortage that ...

  Bloomberg Google can see a future where robots help us unload the dishwasher and sweep the floor. The challenge is making sure they don’t inadvertently knock over a vase — or worse — while doing so. Researchers at Alphabet Inc. unit Google, along with collaborators at Stanford University, the University of California at Berkeley, and OpenAI — an artificial ...

  Dubai / WAM The UAE Water Aid Foundation (Suqia), under the umbrella of the Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI), organised a campaign to promote the Mohammed bin Rashid Al Maktoum Global Water Award (MBR Global Water Award) at universities across the UAE. The campaign was held at the American University in Dubai, United Arab Emirates University, ...

  Dubai / EMIRATES BUSINESS The Tejar Dubai entrepreneurship development programme, a Dubai Chamber of Commerce and Industry initiative, launched its 20th commercial project, Familia Emirati clothes store on Dubai-Oman Highway in Hatta recently. The new commercial project which is the 4th launched by Tejar Dubai this year has come as part of the entrepreneurship development programme’s efforts to support ...

  Dubai / EMIRATES BUSINESS Finance comparison site compareit4me.com reported impressive surges in the number of UAE residents researching the finer details of credit cards and personal loans in the first quarter of 2016, compared with the same period last year. The number of enquiries into mortgages that don’t require salary transfer were up by 450 percent, showing that people ...

  Dubai / Emirates Business GE (NYSE: GE) on Tuesday unveiled the UAE results of its 2016 Global Innovation Barometer, which explores how business leaders and members of the public perceive the opportunities for and barriers to innovation in a changing complex global environment. Now in its fifth year, the research surveyed 2,748 senior business executives and 1,346 informed publics ...

  Dubai / Emirates Business The board of directors of Smart Dubai Office (SDO) held its 5th meeting, which was presided over by H.E. Saeed Mohammed Al Tayer, chairman of the board, as part of its action to fulfil the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler ...